TagMaster has acquired the US-based radar division of Image Sensing Systems (ISS) for $4.8m.
ISS provides radar-based vehicle detection and traffic data solutions and the deal, done through TagMaster's US subsidiary Sensys Networks, includes the RTMS Echo and RTMS Echo+Camera portfolio.
Jonas Svensson, CEO of TagMaster, says the acquisition - which is expected to complete by the end of this month - will strengthen its hand in the US.
TagMaster is known for providing in-ground sensing solutions, so the addition of ISS's radar-based, above-ground sensors means it "will be better positioned to address the growing demand for multi-sensor solutions", the company says in a statement on the transaction.
"The acquisition also adds solid competence in sales in important states around the US and we gain access to new partners who currently sell ISS radar products and enable us to offer our existing distributors a wider product range," Svensson adds.
"That, in combination with the expertise that already exists at Sensys Networks and TagMaster, provides us with excellent opportunities for growth in both the American and European markets."
